Locke Associates Real Estate Blog
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The last several years (eight now to be exact), we have hosted an Annual Gratitude Gathering. We like to take this time to honor our clients that we have served over the last year, by giving them a pie to share with their family and friends on Thanksgiivng. We want to say a very special thank you to all our wonderful clients that braved the cold this past Tuesday to come pick up a pie and donate a non-perishable food item for the Gilmanton Food Pantry. Although this year and "Real Estate Market," have been challenging, we continue to learn and grow each and every day. We are fired up for whats to come in 2022.
As always, if you or someone you know may know is looking to buy or sell Real Estate, we are never too busy for your referrals! We hope everyone has a safe and happy holiday weekend.
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Read more: 8th Annual Gratitude Gathering (Drive-by Pick Up a Pie)
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Here's a look at what's happening in the market right now and what to keep an eye on over the coming months.
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Are you in the market for a new home? Whether you are considering purchasing your first home, moving up to your dream home, downsizing or refinancing, now is the best time to make a move before the mortgage rates rise any higher.
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In today’s real estate market, buyers often have questions about the importance of inspections and home appraisals. Due to the high buyer demand and low housing inventory, its leading some buyers to considering waiving these contingencies to make their offer stand out amongst the competitors.
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Many are concerned that the housing market will experience a wave of foreclosures and short sales. The fact of the matter is, we aren’t in a housing bubble like we were 15 years ago. There are also fewer homeowners in trouble this time. According to the Wall Street journal, in the last housing crash in 2008, an estimated 9 million people lost their homes to foreclosure or short sale. Fast forward to 2021, the total number of mortgages still in forbearance stood around 1 million.
Read more: Are Short Sales & Foreclosures Around The Corner?
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The housing market is anything but normal. It is still an incredibly strong sellers’ market. Over the last 18 months, we’ve seen the lowest mortgage rates in history.